Himachal Pradesh Clarifies GST Rules for Goods Sent Abroad for Exhibitions, Not Considered Supply or Zero-Rated.
The circular issued by the Himachal Pradesh Excise and Taxation Department clarifies the procedures for goods sent out of India for exhibitions or on consignment for export promotion. It states that such activities do not constitute a supply under the Himachal Pradesh Goods and Services Tax Act, 2017, as there is no consideration involved initially. Consequently, these activities are not considered zero-rated supplies under the Integrated Goods and Services Tax Act, 2017. The circular outlines record-keeping requirements, documentation, and conditions under which tax invoices must be issued, emphasizing that goods must be sold or returned within six months. Refund claims for such goods are not applicable unless specific conditions are met.
Full Summary is availble for active users!
Note: It is a system-generated summary and is for quick
reference only.